This newly declared microcountry wants to become the world's foremost tax haven

Business Insider ^ | 04/22/2015 | Ryan Gorman

[SeekAndFind]

The world’s newest microcountry wants to become its foremost tax haven.

Liberland, which sits on 2.7 square-miles of land along the Danube River between Serbia and Croatia, was founded earlier this month and plans to have only voluntary taxes.

"We don’t want the state to take money from the people," Vít Jedlička, a native of Prague and Liberland's new president, told Business Insider in a phone interview. "We want to have voluntary taxes."

Elected into office by a three-person committee, Jedlička says he started Liberland to “turn the concept of a state upside down.”

After working as a financial analyst in the Czech Republic, Jedlička became motivated by ever-increasing taxes and regulations to claim a plot of land that neither Serbia nor Croatia already have.

Residents and visitors of the new country will be allowed to use any money of their choice, including crypto currencies like Bitcoin, to buy and sell goods and complete other transactions within Liberland.

[cgbg]

“if you don’t have a viable military to defend your claim, it is meaningless.”

These days if you don’t have a nuclear arsenal it is meaningless.

[SunkenCiv]

• Liberland: hundreds of thousands apply to live in world's newest 'country' [04/24/2015]
• Man forms tiny European nation, 160,000 sign up to become citizens [04/22/2015]
• Birth of a nation? Czech pol claims to have established new country in no-man's land [04/21/2015]
• This man just claimed a new European nation. 160,000 people already want to live there. [04/21/2015]
• external link: Free Republic of LIBERLAND